Delta Air Lines, Inc. · NYSE:DAL
Delta Air Lines — J.P. Morgan Industrials Conference 2022
9 slides from Delta Air Lines's conference presentation, Mar 15, 2022
Slide 1: Delta Air Lines J.P. Morgan Industrials Conference March 15, 2022
DELTA AIR LINES J.P. MORGAN INDUSTRIALS CONFERENCE MARCH 15, 2022
Slide 2: Safe Harbor
Safe Harbor 2 Statements made in this presentation that are not historical facts, including statements regarding our estimates, expectation s, beliefs, intentions, projections, goals, aspirations, commitments or strategies for the future, should be considered “forward - looking statements” under the
Slide 3: Current State Of The Business – Demand Momentum Building
Current State Of The Business – Demand Momentum Building ▪ Raising March quarter revenue outlook to ~78% recovered versus 2019 ‒ Expect to achieve flat TRASM in March month versus March 2019 ▪ System cash sales 1 are above 2019 levels ▪ Maintaining flexibility and nimble approach to capacity in high
Slide 4: Operational Excellence And Customer Focus Drive NPS Gains
4 Operational Excellence And Customer Focus Drive NPS Gains Delta Ranked No.1 Among Peers On Key Operating Metrics In 2021 And 2022 YTD 1 Preliminary. Mainline Domestic arrival within 14 minutes per U.S. DOT reporting requirements 84.3% 82.2% 80.1% 79.7% On Time Arrival By Airline 1 YTD as of March
Slide 5: Updated March Quarter Outlook
Updated March Quarter Outlook 1 Adj. Total Revenue is a non - GAAP financial measure and excludes Third Party Refinery sales which are expected to be ~$1.3 Billio n in the March quarter Note: Adjusted for special items; non - GAAP financial measures reconciled in Appendix ▪ Expect positive Free Cash
Slide 6: Non-Fuel Cost Framework On Track
6 Non - Fuel Cost Framework On Track Capacity Is The Key Lever To Improving Non - Fuel CASM Levels Versus 2019 As Scale And Efficiency Are Restored Note: Adjusted for special items; non - GAAP financial measures reconciled in the Appendix 2022E Transition Investments Underlying Business ~1 - 2 pts ~
Slide 7: Financial Priorities For Value Creation
7 Reduce adjusted net debt to $15 billion by 2024 while strategically reinvesting for growth and productivity Unit revenue premium and competitive cost structure expected to drive industry - leading margins and strong operating cash flow Efficiently rebuild the airline, capture fleet renewal benefit
Slide 8: Confident In Our Positioning And Multi-Year Strategy
8 Industry Leadership Brand Preference Earnings Power Financial Foundation Competitive Advantages Confident In Our Positioning And Multi - Year Strategy 1 2 3 4 5 8 Delta’s actions during the pandemic further strengthened its competitive advantages and enhanced its position as a trusted consumer bra
Slide 9: Non-GAAP Financial Measures
Q&A Non-GAAP Financial Measures Delta sometimes uses information (“non-GAAP financial measures”) that is derived from the Consolidated Financial Statements, but that is not presented in accordance with accounting principles generally accepted in the U.S. (“GAAP”). Under the U.S. Securities and Excha
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